Famicos Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Famicos Foundation Inc is a 501(c)(3) organization based in Cleveland, Ohio, registered in 1970, with $8,850,923 in FY2023 revenue. CharityIndex grades it D.
1325 Ansel Road, Cleveland, OH, 44106 EIN 34-1053534 Since 1970
Revenue (FY2023)
$8.9M
▲ 10.5% vs prior year
Housing median: $408K
Expenses (FY2023)
$11.5M
Net assets
$32.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Famicos Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating34 mo reserves · -29% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Famicos Foundation Inc: 34 mo reserves · -29% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Famicos Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Famicos Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1325 Ansel Road, Cleveland, OH, 44106
- City
- Cleveland
- State
- Ohio
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $7.1M (FY2013) to $8.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $21.3MNet assets $32.3M
Operating margin
-29.4%
Spent more than it raised in the latest fiscal year.
Total assets
$53.6M
Total liabilities
$21.3M
Net assets
$32.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $8,850,923▲10.5% | $11,451,652▲15.7% | $32,267,305▼7.5% | $53,613,225▼4.9% | 990 |
| 2022 | $8,009,815▼39.9% | $9,896,285▲4.0% | $34,868,034▼5.1% | $56,405,008▲0.1% | 990 |
| 2021 | $13,331,115▲23.1% | $9,511,458▲5.6% | $36,754,504▲12.6% | $56,363,268▲7.2% | 990 |
| 2020 | $10,831,924▲70.3% | $9,008,010▲57.1% | $32,633,027▲6.6% | $52,558,357▲4.7% | 990 |
| 2019 | $6,359,364▲44.4% | $5,733,447▲2.7% | $30,622,744▲2.8% | $50,211,785▲3.2% | 990 |
| 2018 | $4,403,006▼42.6% | $5,580,818▲20.7% | $29,797,194▼0.2% | $48,651,666▼0.2% | 990 |
| 2017 | $7,676,278▲2.6% | $4,624,264▼3.5% | $29,844,371▲11.7% | $48,732,213▲2.5% | 990 |
| 2016 | $7,479,918▲48.7% | $4,789,711▼6.1% | $26,716,545▲11.5% | $47,525,460▲7.1% | 990 |
| 2015 | $5,030,644▼32.6% | $5,100,646▲3.2% | $23,963,783▼0.4% | $44,359,980▲0.7% | 990 |
| 2014 | $7,465,754▲4.7% | $4,940,318▲1.4% | $24,052,210▲11.7% | $44,044,913▲6.5% | 990 |
| 2013 | $7,131,887 | $4,871,779▲7.8% | $21,526,774▲2.9% | $41,343,714▲1.6% | 990 |
| 2012 | — | $4,519,946 | $20,926,781 | $40,689,875 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $24.1M total
67 grants to Famicos Foundation Inc totaling $24.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cleveland Foundation | Mycom community development, youth engagement, systems and partner integration project | 2024 | $2,561,516 |
| Enterprise Community Partners Inc | Partner sustainability general | 2024 | $115,000 |
| American Endowment Foundation | Philanthropy | 2024 | $30,000 |
| The Cleveland Clinic Foundation | Community support | 2024 | $20,000 |
| Cleveland Clinic Foundation | Community support | 2024 | $20,000 |
| Cleveland Foundation | Mycom youth development intermediary team | 2023 | $3,232,850 |
| Neighborhood Reinvestment Corp | General support | 2023 | $618,555 |
| National Foundation For the Ctrs For Disease Contr & Prevention Inc | Cbo support to increase vaccination coverage | 2023 | $168,144 |
| National Council On Aging Inc | Support | 2023 | $115,000 |
| American Endowment Foundation | Philanthropy | 2023 | $30,000 |
| Cleveland Clinic Foundation | Community support | 2023 | $22,500 |
| The Cleveland Clinic Foundation | Community support | 2023 | $22,500 |
| Cleveland Foundation | Mycom youth development strategy and neighborhood programming | 2022 | $3,507,500 |
| Neighborhood Reinvestment Corp | General support | 2022 | $731,755 |
| Charities Aid Foundation America | Charitable donation | 2022 | $150,000 |
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Frequently asked questions
- Is Famicos Foundation Inc a legitimate nonprofit?
- Yes. Famicos Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1053534, based in Cleveland, Ohio. Donations are tax-deductible.
- What is Famicos Foundation Inc's EIN?
- Famicos Foundation Inc's Employer Identification Number (EIN) is 34-1053534.
- How much revenue does Famicos Foundation Inc report?
- Famicos Foundation Inc reported $8,850,923 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Famicos Foundation Inc have?
- CharityIndex grades Famicos Foundation Inc D, based on financial health (reserves and operating margin).
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Explore more
Data for Famicos Foundation Inc (EIN 34-1053534) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.